Posts by econengineer@bitcoinhackers.org
(DIR) Post #A3FPPWZfczDieaOSMy by econengineer@bitcoinhackers.org
2021-01-15T02:24:26Z
1 likes, 0 repeats
@lukedashjr @verretor @green @crunklord420 Christian Libertarians (like myself) recognize that God gave humans a choice in who they serve (for right or wrong); and we choose God of our own free will. Others don't and that's their right (bad choice on their part, but God didn't stop Adam and Eve either). We recognize that it's best if Man is governed by God, but we also recognize that God grants us the choice. He's not a dictator.
(DIR) Post #A3HZ4FoI9JDcR9eGmm by econengineer@bitcoinhackers.org
2021-01-16T03:22:03Z
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@lukedashjr @verretor @green @crunklord420 What? Never said wrongs aren't rights. I just said "for right or wrong" meaning morally correct or morally wrong. Never said it absolved them of our sins either. Not sure where you got that.God reaches his hand out to us, and it's our choice to reach back. All I'm saying is one can be a libertarian and a christian. I voluntarily choose Jesus and allow others to voluntarily NOT. The catholic definition of the world liberalism is clearly wrong.
(DIR) Post #A3kRmhPI0yENEg7ULA by econengineer@bitcoinhackers.org
2021-01-30T01:47:31Z
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@NunyaBidness I hope you replied to Mr Normie with a single "H"
(DIR) Post #A4I08gB2RMnDfU5T96 by econengineer@bitcoinhackers.org
2021-02-15T06:17:55Z
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@nvk @KevinR4v Start9Labs just released their Mastodon instance on their Embassy. I got it up and running in a few clicks. It's all over Tor though so bitcoinhackers can't see us. I guess it has to be enabled somehow? I"m posting here with my clearnet account.
(DIR) Post #A4dpS0IsQGDhw9X41g by econengineer@bitcoinhackers.org
2021-01-29T05:25:09Z
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Msg Storm on "Why Bitcoin Only"; Network Effects Edition:Some think of cryptocurrencies as technology, and this is wrong. Let me explain. Technology is constantly changing, updating and enhancing. This is awesome. Technology is awesome. Technologies came together to allow Bitcoin to be invented/created/discovered. But this does not make Bitcoin a tech; ie something that can be constantly changing, updating and enhanced like most technologies: phones, software, devices, instruments, ...
(DIR) Post #A4dpS0iks2v7EPdjMW by econengineer@bitcoinhackers.org
2021-01-29T05:25:27Z
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Bitcoin is a protocol, like HTTP or TCP/IP or SMTP or IPv4 or IPv6. Protocols change extremely slowly because they are the base of a vast network of tech which utilizes the protocol. The more basic (or lower down in the technology stack) the protocol the harder to change. See IPv4 ('81) vs IPv6 ('95) examples. IPv4 is used everywhere still despite the entire industry agreeing that IPv6 should be used. And that's just IP addressing, which is not as low as TCP/IP.
(DIR) Post #A4dpS1BT9HtAfT4f7Q by econengineer@bitcoinhackers.org
2021-01-29T05:25:47Z
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Relevant history: TCP/IP competed against OSI. TCP/IP was done by geeks, OSI by suits. Geeks won. Can you imagine changing from TCP/IP to another competing infrastructure?! The internet would require rebuilding. The Network Effect is massive. Maybe the biggest on the planet.
(DIR) Post #A4dpS1aHf1jpuQgTnU by econengineer@bitcoinhackers.org
2021-01-29T05:26:01Z
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The longer bitcoin stays top dog, the higher its network effect. The more usuable things that get built on Bitcoin, the higher its network effect. This is not myspace vs facebook. It was for the first couple years perhaps but Bitcoin won that battle. In my opinion we are approaching the IPv4 vs IPv6 difficulty of change network effect and will get there in the next couple years. The world uses bitcoin for savings. Nation states are using it. Institutions are using it.
(DIR) Post #A4dpS3vGxxiRA6WGn2 by econengineer@bitcoinhackers.org
2021-01-29T05:26:39Z
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A few years back big money tried to change it and lost (segwit 2x wars). A few years back major players in the space tried to change it and lost (see blocksize debates). Bitcoin is battle hardened and ready to increase its network effects. Things are being built on BTC to further entrench it. The Lightning Network protocol (referred to as BTC/LN stack like how TCP/IP is a protocol stack) allows instant transactions and may underpin the use of bitcoin as a medium of exchange across the globe.
(DIR) Post #A4dpS5lm6FJ4tE5iGO by econengineer@bitcoinhackers.org
2021-01-29T05:26:48Z
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LN is already faster than visa and can handle the throughput of visa and is a protocol so anybody can operate on it. Another layer is being built by Microsoft for decentralized identities. No more usernames and passwords. You manage your ID, secured by BTC Blockchain.
(DIR) Post #A4dpS7VtcFnGIYg3n6 by econengineer@bitcoinhackers.org
2021-01-29T05:26:57Z
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These are additional layers of protocol on top of bitcoin like HTTP is on top of TCP/IP. This will enable even more apps. But even on the "base layer" of bitcoin, other apps are being developed and used already. Most useful that I'm aware of are monetary savings and custody.
(DIR) Post #A4dpS99dVzAzO6HJNA by econengineer@bitcoinhackers.org
2021-01-29T05:27:06Z
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But Microsoft's open source stuff will enable decentralized IDs that we control (no more selling our data) and the LN already allows for sub-penny to hundreds of dollars of purchases to occur instantly and basically for free (sub-cent transaction fees vs Visa's 3%).
(DIR) Post #A4dpSAwwq8DOxKMCsC by econengineer@bitcoinhackers.org
2021-01-29T05:27:12Z
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TL;DRBitcoin's network effect is growing by leaps and bounds. There is NO competition for Bitcoin. Of that I am convinced. Bitcoin is about as inevitable as the US dollar hegemony ending. Fin.
(DIR) Post #A5SLNflFY6YRCmcRpg by econengineer@bitcoinhackers.org
2021-03-22T03:56:17Z
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@judgedread Who said usury would exist in a free society?
(DIR) Post #A5SLl6pl3kVXpWu45Q by econengineer@bitcoinhackers.org
2021-03-22T04:00:32Z
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@judgedread I'll admit, my response was bait. It worked. But to my actual point: What you said in response is correct. However, in a free society usury "can" exist. Doesn't mean it will exist or will be everywhere. Also trend towards going away. But if the system allows for it to be banned (via governmental violence) then usury will always exist.
(DIR) Post #A5SMFtY2VPd3bOIN0K by econengineer@bitcoinhackers.org
2021-03-22T04:06:06Z
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@judgedread snowflake much?! this is a twitter clone you realize.
(DIR) Post #A9R2jYcUmx1c5zGmIq by econengineer@bitcoinhackers.org
2021-07-19T04:19:29Z
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@pete @excellion "How to shit in blue" Lesson one.
(DIR) Post #AACnObLO9NDX0p0YV6 by econengineer@bitcoinhackers.org
2021-08-11T05:13:06Z
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@verretor oh man. that's horrible.
(DIR) Post #AF7WdezP9aDqovZbiC by econengineer@bitcoinhackers.org
2022-01-05T05:32:57Z
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@NunyaBidness Done! Thanks for the heads up
(DIR) Post #AH2PYgt53iFeZ2axCC by econengineer@bitcoinhackers.org
2022-03-03T05:42:16Z
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@kho Sorry they are expected to stay and fight?